Takakita Co (TSE:6325) Days Payable : 27.31 (As of Dec. 2023)

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What is Takakita Co Days Payable?

Takakita Co's average Accounts Payable for the three months ended in Dec. 2023 was 円418 Mil. Takakita Co's Cost of Goods Sold for the three months ended in Dec. 2023 was 円1,396 Mil. Hence, Takakita Co's Days Payable for the three months ended in Dec. 2023 was 27.31.

The historical rank and industry rank for Takakita Co's Days Payable or its related term are showing as below:

TSE:6325' s Days Payable Range Over the Past 10 Years
Min: 19.61 Med: 30.04 Max: 43.05
Current: 26.73

During the past 13 years, Takakita Co's highest Days Payable was 43.05. The lowest was 19.61. And the median was 30.04.

TSE:6325's Days Payable is ranked worse than
96.12% of 206 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 72.58 vs TSE:6325: 26.73

Takakita Co's Days Payable declined from Dec. 2022 (31.29) to Dec. 2023 (27.31). It may suggest that Takakita Co accelerated paying its suppliers.

Takakita Co Days Payable Historical Data

The historical data trend for Takakita Co's Days Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Takakita Co Days Payable Chart

Takakita Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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29.67

24.53

19.61

24.88

25.50

Takakita Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															31.29	21.46	32.79	30.68	27.31

Competitive Comparison of Takakita Co's Days Payable

For the Farm & Heavy Construction Machinery subindustry, Takakita Co's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Takakita Co's Days Payable Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Takakita Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Takakita Co's Days Payable falls into.

Takakita Co Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Takakita Co's Days Payable for the fiscal year that ended in Mar. 2023 is calculated as

	Days Payable (A: Mar. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2022 )	+	Accounts Payable (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (360.026	+	388.629)	/	2 )	/	5357.532	*	365
=	374.3275					/	5357.532	*	365
=	25.50

Takakita Co's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (486.045	+	349.521)	/	2 )	/	1396.029	*	365 / 4
=	417.783					/	1396.029	*	365 / 4
=	27.31

Takakita Co Days Payable Related Terms

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Takakita Co (TSE:6325) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Takakita Co Ltd (TSE:6325) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

2828 Natsumi, Nabari, JPN

Website

http://www.takakita-net.co.jp

Takakita Co Ltd is engaged in manufacture and sale of agricultural machines. The products of the company include shredded packaging work machine, sowing work machine, reaping and reversing grass work machine, levelling work machine, and control and weeding machine.

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